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CITY OF RAMSEY
<br /> Statement of Revenue,Expenditures,and Changes in Fund Balances
<br /> Governmental Funds
<br /> Year Ended December 31,2015
<br /> Special Revenue Finds Debt Service Fund
<br /> 2012A 2012B
<br /> COR G.O.Improvement Residence at the
<br /> General Tax Increment Land Bond Refund COR Bond
<br /> Revenue
<br /> Property taxes $ 7,961,871 $ 671,256 $ 4,028 $ 1,052,651 $ -
<br /> Special assessments - - - - -
<br /> Licenses and permits 784,954 - - - -
<br /> Intergovernmental revenue 470,713 - - - -
<br /> Charges for services 836,603 - - - -
<br /> Fines and forfeits 60,236 - - - -
<br /> Other revenue
<br /> Investment earnings 80,242 55,965 4,864 10,787 7,697
<br /> Developer reimbursement - 1,805,338 - - 6,887,125
<br /> Land sale gains - - 858,433 - -
<br /> Miscellaneous 28,776 - - 4 -
<br /> Total revenue 10,223,395 29532,559 867,325 1,063,442 6,894,822
<br /> Expenditures
<br /> Current
<br /> General government 2,491,491 186,547 4,045 10,150 -
<br /> Public safety 4,011,871 - - - -
<br /> Highways and streets 1,558,414 - - - -
<br /> Culture and recreation 974,724 - - - -
<br /> Capital outlay 530,688 - - - -
<br /> Debt service
<br /> Principal retirement 540,000 7,320,000
<br /> Interest and fiscal charges 82,273 508,213 77,460
<br /> Total expenditures 9,649,461 186,547 4,045 1,058,363 7,397,460
<br /> Excess(deficiency)of revenue over expenditures 573,934 2,346,012 863,280 5,079 (502,638)
<br /> Other financing sources(uses)
<br /> Debt issued - - - - -
<br /> Premium on debt issued - - - - -
<br /> Proceeds on sale of capital assets - - - - -
<br /> Transfers in 890,248 - - 1 -
<br /> Transfers(out) (1,173,706) (418,330) (207,802) - -
<br /> Total other financing sources(uses) (283,458) (418,330) (207,802) 1 -
<br /> Net change in fund balances 290,476 1,927,682 655,478 5,080 (502,638)
<br /> Fund balances(deficits)
<br /> Beginning of year 6,982,569 2,895,711 8,111,761 720,349 502,638
<br /> End of year $ 7,273,045 $ 4,823,393 $ 8,767,239 $ 725,429 $ -
<br /> See notes to basic financial statements
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